China, after all, has a State-controlled economy, has a repressive authoritarian Government that has got capital controls on the yuan.
Nor do we want a Government entity like the Fed positioned to possibly infringe on our privacy.
What problem is the central bank digital currency trying to solve? In other words, do we need one?
I do not think we need a State-sponsored bank interfering with this very successful free enterprise system.
I have a concern, and my concern is how much detailed information we have about what is actually available to be repurpo...
That is a massive amount of spending increase when we have, let us face it, a very strong economy, 5.8 percent unemploym...
We had the best economy in 50 years. And that is if you measure it by objective metrics.
That is just unbelievable, the spending, everywhere you look.
Why haven't you provided the reports and the drawdown reports, right down to account level detail?
I think it would be good to try to get back to that.
For 50 years, average spending has been about 20 percent of GDP, just a little more than that. Under the President's bud...